Barclays to price 18-month notes with barrier linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Nov. 18 – Barclays Bank plc plans to price 0% notes due May 31, 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return. If the final index level is less than or equal to the initial index level but greater than or equal to the barrier level, the payout will be par. If the final index level is less than the barrier level, investors will share fully in the index’s decline.

The barrier level will be 82.95% of the initial index level.

Barclays, J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the agents.

The notes will price Nov. 20.

The Cusip number is 06741UU93.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.